HOUSTON (AP) — HOUSTON (AP) — Group 1 Automotive Inc. (GPI) on Wednesday reported second-quarter profit of $138.2 million.
The Houston-based company said it had net income of $10.17 per share. Earnings, adjusted for one-time gains and costs, came to $9.80 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $9.43 per share.
The auto dealer posted revenue of $4.7 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $4.77 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPI at https://www.zacks.com/ap/GPI
